Self-Regulatory Organizations; Cboe Exchange, Inc.; Notice of Designation of a Longer Period for Commission Action on a Proposed Rule Change To Allow for Extended Trading of Multi-Listed Equity Options
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The SEC issued a notice extending the deadline for approving or disapproving a Cboe Exchange proposed rule change. The proposal seeks to amend Cboe Rule 5.1(c) to permit extended trading sessions (Global Trading Hours) for certain multi-listed equity options that meet specific eligibility criteria. The original proposal was published on October 3, 2025. After instituting disapproval proceedings, the Commission is now using its authority to extend the final decision deadline by an additional 60 days. This extension gives the SEC more time to review the proposal and the single comment letter received.
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Key Changes
- Extends the SEC decision deadline for SR-CBOE-2025-079 from April 1, 2026 to May 31, 2026
- Adds a 60-day extension after the initial 180-day period following Federal Register publication on October 3, 2025
- Allows additional time to review the proposed amendment to Cboe Rule 5.1(c) regarding Global Trading Hours
+ 2 more changes with Pro
Obligations
What this law requires
The SEC must issue an order approving or disapproving the proposed rule change by May 31, 2026
Cboe Exchange, Inc. must amend Cboe Rule 5.1(c) to permit extended trading sessions (Global Trading Hours) for multi-listed equity options that meet specified eligibility criteria, as proposed in File No. SR-CBOE-2025-079
The SEC must publish reasons for extending the decision period beyond the initial 180-day deadline when designating a longer period of up to 60 additional days
Cboe Exchange, Inc. must file proposed rule changes pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934 and Rule 19b-4 thereunder